Tuesday, February 21st, 2023
China’s energy storage industry on fast lane of development

By Ding Yiting, People’s Daily As China works to pursue the”dual carbon” goal, which is to peak carbon dioxide emissions before 2030 and achieve carbon neutrality before 2060, its energy storage industry, as an important pillar for building a new type of power system, is going through a rapid expansion. According to the China Electricity Council (CEC), as of the end of 2022, the total installed capacity of China’s pumped-storage hydroelectricity reached 45.79 million kW, ranking first in the world, and it was expected to exceed 50 million kW byRead More
China’s economic vitality heats up global recovery

By He Yin, People’s Daily As international organizations and investment institutions lifted their forecast on China’s economic growth this year, the international community has gained stronger confidence in the Chinese economy. There is an increasingly prevalent view that China will be a major driver of global recovery. It is anticipated that the Chinese economy will embrace brighter prospects and once again become the largest contributor to global growth. The lifted expectations on China’s growth mirror the country’s strong economic resilience. According to the recent World Economic Outlook report issued byRead More